An indicator of growth in an economy over a period of time is the

Economics

JAMB 2011

A. GDP gap
B. GDP at factor cost
C. GDP at market price
D. GDP deflator

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Correct Answer: Option C

Explanation

To see economic growth there needs to be an increase in Gross Domestic Product (GDP). This can occur through an increase in consumer spending or an increase in products produced. This is known as GDP at market price

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An indicator of growth in an economy over a period of time is the

Correct Answer: Option C

Explanation

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